Royal Caribbean Reports 2025 Q1 Results

Royal Caribbean Reports 2025 Q1 Results

Jewel of the Seas visiting the Historic port of Liverpool, photo credit Spacejunkie2 Flickr

Royal Caribbean Group today reported first quarter Earnings per Share (“EPS”) of $2.70 and Adjusted EPS of $2.71, according to a press release.

These results were better than the company’s guidance due to stronger-than-expected pricing on close-in demand and lower costs, mainly due to timing. The company is increasing its full year 2025 Adjusted EPS guidance to $14.55 to $15.55. The increase in earnings expectations is driven by the better-than-expected revenue performance in the first quarter and the benefit of currency exchange rates and lower fuel costs for the remainder of the year.

“Our strong first quarter results are a testament to the enduring appeal and attractive value proposition of our leading brands and the incredible vacations they deliver,” said Jason Liberty, president and CEO, Royal Caribbean Group. “As we navigate the complexities of the current macroeconomic landscape, we remain focused on what we can control — delivering the best vacation experiences, optimising revenue, and managing costs, while continuing to invest in our future and drive further differentiation. With our industry-leading brands, state-of-the-art ships, exclusive destinations, and a fortified balance sheet, we will continue dreaming and innovating to win a greater share of the growing $2 trillion global vacation market.”

First Quarter 2025:

• Load factor in the first quarter was 109%.
• Gross Margin Yields were up 13.9% as-reported. Net Yields were up 4.7% as-reported and 5.6% in Constant Currency.
• Gross Cruise Costs per Available Passenger Cruise Days (“APCD”) decreased 1.1% as-reported. Net Cruise Costs (“NCC”), excluding Fuel, per APCD decreased 0.3% as-reported and increased 0.1% in Constant Currency.
• Total revenues were $4.0 billion, Net Income was $0.7 billion or $2.70 per share, Adjusted Net Income was $0.7 billion or $2.71 per share, and Adjusted EBITDA was $1.4 billion.

 

Full Year 2025 Outlook:

• Net Yields are expected to increase 2.5% to 4.5% as-reported (2.6% to 4.6% in Constant Currency).
• NCC, excluding Fuel, per APCD are expected to be 0.1% to 1.1% as-reported and (0.1%) to 0.9% in Constant Currency.
• Adjusted EPS is expected to grow approximately 28% year-over-year and be in the range of $14.55 to $15.55.

 

First Quarter 2025 Results

Net Income for the first quarter of 2025 was $0.7 billion or $2.70 per share, compared to Net Income of $0.4 billion or $1.35 per share for the same period in the prior year. Adjusted Net Income was $0.7 billion or $2.71 per share for the first quarter of 2025, compared to Adjusted Net Income of $0.5 billion or $1.77 per share for the same period in the prior year. The company also reported total revenues of $4.0 billion and Adjusted EBITDA of $1.4 billion.

Capacity for the first quarter was up 3% year over year, and the company delivered memorable vacations to 2.2 million guests, a 9% increase year over year. Gross Margin Yields increased 13.9% as-reported, and Net Yields increased 4.7% as-reported (5.6% in Constant Currency), when compared to the first quarter of 2024. Load factor for the quarter was 109%. Net Yield growth exceeded the company’s guidance mainly due to higher pricing across key products driven by strong close-in demand.

Gross Cruise Costs per APCD decreased 1.1%  as-reported, compared to the first quarter of 2024. NCC, excluding Fuel, per APCD decreased 0.3% as-reported (and increased 0.1% in Constant Currency), when compared to the first quarter of 2024.

Update on Bookings

During the first quarter, the company took record bookings during the WAVE season. Additionally, during April, the company’s bookings were greater than the same period last year, including continued strength in close-in bookings. Booked load factors remain in line with prior years and at higher rates. Guest spending onboard and pre-cruise purchases continue to exceed prior years, driven by greater participation at higher prices. To account for broader external factors, the company has expanded its guidance ranges in response to the complexity of the current macroeconomic landscape.

“Bookings for 2025 have remained on track, cancellation levels are normal, and we continue to see excellent close-in demand”, said Jason Liberty, president and CEO, Royal Caribbean Group. “This year continues our guest experience innovation with the debut of Star of the Seas, Celebrity Xcel, and the opening of Royal Beach Club Paradise Island by year-end – all of which continue to generate consumer excitement and strengthen our competitive moat.”

The cadence of yield growth throughout the year, as expected, is driven by the timing of new hardware entering service, with the arrival of Star of the Seas in late summer and the related ramp-up of load factors, as is typical for new ship launches.

Second Quarter 2025

Capacity in the quarter is expected to increase 6%, driven by lower dry dock days and a full year of Utopia of the Seas, compared to the second quarter 2024. Net Yields are expected to increase 4.4% to 4.9% as-reported and 4.3% to 4.8% in Constant Currency as compared to the same period in the prior year. The expected growth in yield is driven by healthy demand across all key products and onboard spend, both from new and like-for-like hardware.

NCC, excluding Fuel, per APCD, is expected to increase 4.1% to 4.6% as reported and 3.7% to 4.2% in Constant Currency compared to the same period in the prior year. Approximately 140 bps of cost growth is attributable to the timing shift from the first quarter.

Based on current fuel pricing, interest rates, currency exchange rates, and the factors detailed above, the company expects second quarter Adjusted EPS to be between $4.00 and $4.10.

Fuel Expense

Bunker pricing, net of hedging, for the first quarter was $655 per metric ton, and consumption was 423,000 metric tons.

The company does not forecast fuel prices, and its fuel cost calculations are based on current at-the-pump prices, net of hedging impacts. Based on current fuel prices, the company has included $286 million of fuel expense in its second quarter guidance at a forecasted consumption of 428,000 metric tons, which is 59% hedged via swaps. Forecasted consumption is 59%, 55%, 45%, and 15% hedged via swaps for 2025, 2026, 2027, and 2028, respectively. The annual average cost per metric ton of the hedge portfolio is approximately $487, $476, $393, and $426 for 2025, 2026, 2027, and 2028, respectively.

Royal Caribbean and NCLH Announce Q1 Call Dates

Royal Caribbean and NCLH Announce Q1 Call Dates

Norwegian Bliss photo credit Spacejunkie2 Flickr

Royal Caribbean Group has scheduled a conference call for 10:00 a.m. Eastern Time on Tuesday, April 29, 2025, to discuss the company’s first quarter 2025 financial results.

The call will be simultaneously webcast on the company’s investor relations website, rclinvestor.com.

In addition, Norwegian Cruise Line Holdings Ltd. will report its first quarter 2025 financial results on Wednesday, April 30, 2025, at 6:30 a.m. Eastern Time.

The conference call will be webcast via the Company’s Investor Relations website, https://www.nclhltd.com/investors.

Webcast replays of both calls will be available on the company websites for 30 days following the calls.

Celebrity Xcel Named As Next Ship For Celebrity Cruises

Celebrity Xcel Named As Next Ship For Celebrity Cruises

Celebrity Cruises announced today that the fifth ship in its Edge Series will be named Celebrity Xcel, and will debut in 2025. The company previously announced the ship would be methanol ready.

The reveal was made at Chantiers de l’Atlantique shipyard in Saint-Nazaire, France, as executives from both Royal Caribbean Group and the yard celebrated the steel cutting.

“The Edge Series has shattered preconceived notions of cruising, and I am thrilled to announce our next bold step as a brand with Celebrity Xcel,” said Celebrity Cruises’ President Laura Hodges Bethge. “True to her name, this next ship will ‘Xcel’ beyond her sister ships with entirely new experiences, yet to be revealed, but that will change the game all over again.”

The Celebrity Xcel will make her debut in November 2025 in the Caribbean, sailing her inaugural winter season from Fort Lauderdale, on 7-night itineraries alternating between the Bahamas, Mexico and the Cayman Islands, and Puerto Plata, St. Thomas, and St. Maarten. The sailings are now open for sale.

Royal Caribbean Reports Q3 Results, Increases Guidance

Royal Caribbean Reports Q3 Results, Increases Guidance

Royal Caribbean departing from Southampton, Photo credit Spacejunkie2 (Flickr account)

Royal Caribbean Group today reported third quarter Earnings per Share of $3.65 and Adjusted EPS of $3.85 for the third quarter of 2023.

These results were better than the company’s guidance due to stronger close-in demand and further strength in onboard revenue, the company said in a press release.

The company is also increasing its full year 2023 Adjusted EPS guidance to $6.58 – $6.63, driven by strong demand and continued strength in onboard revenue.

“The strength of our brands and the acceleration of consumer spending on experiences have propelled us towards another outstanding quarter and a robust 2023,” said Jason Liberty, president and CEO, Royal Caribbean Group. “Looking ahead, we see accelerating demand as we build the business for 2024. Our booked load factors are higher than all prior years and at higher rates, further supporting our trajectory towards the Trifecta goals,”  added Liberty.  “The combination of our leading brands, the best people, and the most innovative fleet and destinations, positions us exceptionally well to deliver on a lifetime of vacation experiences while creating long-term shareholder value.”

Third Quarter 2023 Results:

• Gross Margin Yields increased 19.1% As-Reported, and Net Yields increased 16.7% in Constant-Currency (16.9% As-Reported), both compared to the third quarter of 2019.
• Gross Cruise Costs per Available Passenger Cruise Day (“APCD”) increased 14.4% As-Reported, and Net Cruise Costs (“NCC”), excluding Fuel, per APCD increased 10.3% in Constant-Currency (10.1% As-Reported), both compared to the third quarter of 2019.
• Total revenues were $4.2 billion, Net Income was $1.0 billion or $3.65 per share, Adjusted Net Income was $1.1 billion or $3.85 per share, Adjusted EBITDA was $1.7 billion.

Full Year 2023 Outlook:

• Net Yields are expected to increase 12.9% to 13.4% in Constant-Currency (12.4% to 12.9% As-Reported), compared to 2019.
• NCC, excluding Fuel, per APCD is expected to be up 7.0% to 7.5% in Constant-Currency (6.5% to 7.0% As-Reported), compared to 2019, and includes approximately 30 basis points impact due primarily to reduced APCDs on cancelled Israel and related sailings.
• Fuel pricing and foreign exchange rates are negatively impacting EPS by $0.18, compared to prior guidance. In addition, impacted sailings related to Israel deployment is expected to impact the year by approximately $0.03.
• Adjusted EPS is expected to be in the range of $6.58 to $6.63 per share.

Third Quarter 2023

The company reported Net Income for the third quarter of $1.0 billion or $3.65 per share compared to Net Income of $33.0 million or $0.13 per share for the same period in the prior year. The company also reported Adjusted Net Income of $1.1 billion or $3.85 per share for the third quarter compared to Adjusted Net Income of $65.8 million or $0.26 per share for the same period in the prior year.

Gross Margin Yields increased 19.1% As-Reported, and Net Yields increased 16.7% in Constant-Currency (16.9% As-Reported) when compared to the third quarter of 2019. Third quarter revenue across North America and Europe itineraries exceeded expectations due to better close-in demand that translated into higher load factors and pricing, as well as continued strength in onboard revenue. Load factor for the third quarter was 110%.

Gross Cruise Costs per APCD increased 14.4% As-Reported, compared to 2019. NCC, excluding Fuel, per APCD increased 10.1% As-Reported and 10.3% in Constant-Currency, compared to 2019.   Lower operating expenses, as well as favorable timing, contributed to better-than-expected costs.

Revenue Environment and 2024 Outlook

Bookings remained strong throughout the third quarter, significantly exceeding 2019 levels.  Closer-in demand for 2023 sailings exceeded expectations, contributing to higher load factors at higher prices and higher onboard revenue for the third quarter.  Consumer spending onboard, as well as pre-cruise purchases, continue to significantly exceed 2019 levels driven by greater participation at higher prices. As of September 30, 2023, the Group’s customer deposit balance was at $5.0 billion.

Demand for 2024 has continued to accelerate, with bookings significantly and consistently outpacing 2019 levels. Booked load factors and rates are higher than all prior years while the booking window has continued to extend.  The market response to the company’s new ships, existing hardware, and the expansion of Perfect Day at CocoCay, and Hideaway Beach, has been excellent and further positions the company for strong yield and earnings growth in 2024.

Fourth Quarter 2023

Net Yields are expected to be up 16.2% to 16.7% in Constant-Currency and 15.0% to 15.5% As-Reported, both compared to the fourth quarter of 2019.  Continued strong demand for the company’s vacation experiences and strength in onboard revenue contributes to increased yield expectations for the fourth quarter.

NCC, excluding Fuel, per APCD for the quarter are expected to increase 3.9% to 4.4% in Constant-Currency and 3.3% to 3.8% As-Reported, both compared to the fourth quarter of 2019.

Fuel pricing and foreign exchange rates are negatively impacting EPS by $0.15, versus previous expectations.  Impacted sailings related to Israel deployment are negatively impacting the quarter by approximately $0.03.

Based on current fuel pricing, interest and currency exchange rates and the factors detailed above, the company expects fourth quarter Adjusted EPS to be $1.05 to $1.10 per share.

“The performance of our business continues to accelerate, driven by strong demand and excellent operational execution,” said Naftali Holtz, chief financial officer at Royal Caribbean Group. “Our formula of moderate yield growth, strong cost discipline, and moderate growth of our fleet delivers a strong financial profile and enhanced margins.”

Liberty: ‘Incredible Effort’ for Rhapsody to Help Americans In Israel

Liberty: ‘Incredible Effort’ for Rhapsody to Help Americans In Israel

Jason Liberty, president and CEO of Royal Caribbean Group, said it has been an incredible effort for the Rhapsody of the Seas to help evacuate Americans from Israel.

“I wanted to share with you that overnight [Sunday into Monday], Rhapsody of the Seas began partnering with the U.S. Department of State to help safely evacuate Americans from Israel,” he said, in a letter sent out internally on Monday morning at Miami-based Royal Caribbean.

“As you know, the ship had been sailing in the region and then canceled its sailings when the conflict emerged last weekend,” Liberty continued.

“Now, with enhanced safety precautions in place, our ship is providing free passage, including accommodation and food, for Americans in the region wishing to leave and find safer ground,” he said.

“This has truly been an incredible effort as our teams worked tirelessly over the past week to make this mission possible. My heartfelt gratitude goes out to all involved and especially to the ship’s officers and crew for their unwavering support of this call to serve others in the midst of unimaginable tragedy.”

Royal Caribbean Group’s Executives Get a Preview of Silver Nova

Royal Caribbean Group’s Executives Get a Preview of Silver Nova

Royal Caribbean Group President and CEO Jason Liberty, Chairman Richard Fain and Silversea’s President Barbara Muckermann enjoyed an exclusive preview of the Silver Nova.

Royal Caribbean Group’s executives were welcomed by Meyer Werft Managing Directors Jan and Bernard Meyer and enjoyed a detailed tour of the ship. 

“Innovation drives our mission to provide the best vacations, responsibly, and Silver Nova embodies this commitment in every way. This stunning ship revolutionizes ultra-luxury cruising and represents an important step on our sustainability journey,” said Jason Liberty, president and CEO of Royal Caribbean Group. “I would like to officially thank and congratulate the Meyer family, and the talented teams at Meyer Werft, Royal Caribbean Group, and Silversea for pushing industry boundaries to create such a pioneering ship.”

 “Silver Nova embodies the vision of our brand and the evolution of our fleet, demonstrating the extent to which our guests are benefitting from our brand being part of Royal Caribbean Group,” said Barbara Muckermann, president of Silversea. “Silver Nova introduces an industry-leading approach to sustainability, an unprecedented openness to the world, and an entirely new take on luxury at sea. She is a beauty and I can’t wait to personally greet our guests on board, introducing them to the future of ultra-luxury cruise travel.”

The Silver Nova will set sail on its maiden voyage on August 14, sailing roundtrip from Fusina (Venice). After a series of Mediterranean cruises, the new ship will cross the Atlantic to the United States of America to offer Caribbean and Central America voyages.

On January 4, 2024, the Silver Nova will depart on the 71-day Grand Voyage South America.

Icon of the Seas Generating ‘Exceptional Demand’

Icon of the Seas Generating ‘Exceptional Demand’

When the new Icon of the Seas debuts in 2024 for Royal Caribbean International, she will become the world’s biggest ship and is already breaking sales records.

“Despite being on sale for only five months, Icon is significantly more booked for her inaugural season at materially higher rates than any other Royal Caribbean ship launch,” said Jason Liberty, president and CEO of Royal Caribbean Group, speaking on the company’s first-quarter earnings call.

“The Icon will join the fleet later this year and debut in the Caribbean in January 2024, with itineraries including Perfect Day at CocoCay and its new expansion, Hideaway Beach.”

Michael Bayley, president and CEO of Royal Caribbean International, added: “Icon is literally the best-performing new product launch we’ve ever had in the history of our business, and we’re delighted with volume and rate, and that really is a full 2024 product … it’s really driving a huge amount of demand and a great rate.”

Following the Icon, the company has another Oasis-class ship coming in 2024, the Utopia of the Seas, plus two more Icon-class vessels, set to debut in 2025 and 2026, respectively.

Norwegian Cruise Line Ordered to Pay $110 Million in Cuba Court Case

Norwegian Cruise Line Ordered to Pay $110 Million in Cuba Court Case

Norwegian Cruise Line Holdings has been ordered to pay approximately $110 million in damages for use of the Havana port, according to a U.S. judge who ruled in the case Friday.

The case, ongoing for some time, was ruled in favour of the Havana Docks Corp., which essentially argued that the cruise line’s use of the Havana port “constituted trafficking in confiscated property” as the port is a Cold-War asset seizure.

It is still being determined whether NCLH will or can appeal the nine-figure ruling. Havana Docks Corp. has pending cases against Carnival Corporation, Royal Caribbean Group and MSC Cruises.

Havana Docks Corp. was awarded $109,848,747.87 in damages plus Norwegian will pay $3 million in legal fees and costs.

With the Obama administration easing the Cuba embargo in 2016, cruise lines lined up to sail to Havana, including all of Norwegian Cruise Line’s brands.

In 2019, the Trump administration undid some of that with a ban on recreational travel to Cuba which put a stop to any major cruise brands calling on the island.

In 2020 a judge ruled in favour of Carnival Corporation in a similar case.

Royal Caribbean Announces Strategic Agreement with Meyer Turku, Finnish Government

Royal Caribbean Announces Strategic Agreement with Meyer Turku, Finnish Government

Royal Caribbean Group announced it has signed a maritime declaration with the Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, to chart the way forward for innovative and sustainable shipbuilding in Finland.

According to a press release, the commitment is set to advance innovation, strengthen competitiveness and bolster the maritime industry’s ecosystem.

“Our partners in Finland have helped us deliver some of the world’s most impressive and sustainable ships of their time, including our newest ship debuting in January 2024, Icon of the Seas,” said Jason Liberty, president and CEO of Royal Caribbean Group. “This new partnership sets the stage for future innovations and allows us and the maritime industry to continue pursuing sustainability at the highest level.”

The declaration announces the following actions:

• Preparing a roadmap for the production of climate-neutral ships in Finland. The roadmap is part of the maritime industry’s green transition.
• Strengthening the innovation of Meyer Turku, Royal Caribbean Group and the maritime industry.
• Supporting networking to curb economic challenges, develop new solutions and secure the long-term viability of the maritime industry.
• Assembling a digital demonstration of a climate-neutral ship as part of the sustainable maritime industry development program of the Ministry of Labor and Economy.
• Piloting and testing new innovations and technologies on Royal Caribbean Group ships.

 

This partnership also advances Royal Caribbean Group’s Destination Net Zero strategy to decarbonize its operations by 2050 and it is near- and medium-term targets, including reducing carbon intensity by double digits by 2025 compared to 2019 and the introduction of a net-zero cruise ship by 2035.

The declaration comes on the heels of another major milestone for Royal Caribbean. On Friday, Dec. 9, the revolutionary, new vacation, Icon of the Seas, reached its next phase of construction ahead of its iconic January 2024 debut. The new ship floated on water for the first time since the assembly began nine months ago at Meyer Turku shipyard in Turku, Finland. The icon will join the company’s Royal Caribbean International cruise line and its lineup of industry-leading ships, becoming the brand’s most sustainable ship to date and the crown jewel of shipbuilding in the Finnish maritime industry.

“The Finnish maritime ecosystem is built on the innovativeness, expertise and skills of the thousands of leading shipbuilders at Meyer Turku, and Icon of the Seas is the latest example of what can be built here in Finland,” said Mika Lintilä, Finland’s Ministry of Economic Affairs. “This new declaration will secure a future in which the maritime industry continues to make strides in our decarbonization goals and economic growth priorities for years to come.”

The company also has agreements with the shipyard to build the unnamed second and third ships in the Icon Class for its Royal Caribbean International brand, and Mein Schiff 7, which is currently under construction for the company’s TUI Cruises brand.

“While expertise and interdisciplinary collaboration will always be key to the success of shipbuilding, we recognize the need to continuously evolve and create strategies to reduce carbon emissions toward net zero,” said Tim Meyer, CEO, of Meyer Turku Oy. “This commitment will set us up, as an industry, to innovate and adapt in how we design, build and operate ships. This challenge presents significant opportunities for the Finnish maritime industry to take the lead globally and bring to market new technologies and products.”

ABB And Royal Caribbean Group Collaborate To Make Emergency Stops Safer And More Efficient

• ABB Ability™ Marine Braking Assistance helps ships minimize stopping time and distance, without compromising steering capability
   
• Initially developed at the request of Royal Caribbean Group, the new digital solution improves safety for ships, seafarers and passengers
   
• Automated braking saves wear and tear on critical ship control systems

As the world’s largest cruise ship Wonder of the Seas, departed on her maiden voyage in the beginning of March 2022, she was the first in the world to feature the new ABB Ability™ Marine Braking Assistance. Designed for safe and smooth emergency stops, the automatic braking system is the result of collaboration between supplier and owner, initiated at Royal Caribbean Group’s request.

Following full sea trials by shipbuilder Chantiers d’Atlantique and acceptance by the owner, the DNV-approved Marine Braking Assistance provides the latest example of how technology can be leveraged to improve safety for ships, seafarers and passengers.

Marine Braking Assistance, through the push of a button, triggers an automated braking sequence, optimizing the angles and power of all the Azipod® propulsion units based on vessel position, heading and speed to allow maximum braking efficiency. Critically, operators have time to attend to other urgent matters while retaining control over steering.

“We at ABB take great pride in introducing new technologies to the industry to improve safety and add value for our customers. Marine Braking Assistance is a good example of a co-creation project where we, in close collaboration with Royal Caribbean Group, developed a solution that makes a real operational difference,” said Kalevi Tervo, Global Program Manager of ABB Marine & Ports. “The adoption of an automated process that improves safety holds special significance at a time when regulators are moving forward on rulemaking for autonomous ships.”

The Marine Braking Assistance can be compared to an automated braking system (ABS) whose safety benefits car drivers today expect as standard. Automation of the braking sequence also minimizes the wear and tear systems experience due to vibration cavitation and the heating up of braking transformers under manual control.

Hard stopping a ship in an emergency situation can be highly stressful. Unlike slamming on the brakes of a car, for vessels with shaftline propulsion the turn to full astern results in losing steering ability. For a vessel equipped with podded propellers, the pod way emergency stopping procedure allows much faster stopping, with limited steering ability, but it demands step-by-step manual actions by the helmsperson, at a moment when other issues require immediate attention.

Anders Aasen, Vice President, Global Technical Operations, at Royal Caribbean Group states: “We have a long history of innovating to improve maritime safety. I am pleased to debut Marine Braking Assistance technology onboard our ships through close cooperation with ABB.”

ABB’s Process Automation business is a leader in automation, electrification and digitalization for the process and hybrid industries. We serve our customers with a broad portfolio of products, systems, and end-to-end solutions, including our # 1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, and marine offerings. As the global #2 in the market, we build on our deep domain expertise, diverse team and global footprint, and are dedicated to helping our customers increase competitiveness, improve their return on investment and run safe, smart, and sustainable operations. go.abb/processautomation

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Royal Caribbean’s New Terminal to Feature Galveston-Inspired Sculpture

Royal Caribbean’s New Terminal to Feature Galveston-Inspired Sculpture

Royal Caribbean Group's soon-to-be-opened terminal at the Port of Galveston will display the Galveston Beach Trio sculpture, designed by Brad Oldham Sculpture, according to a press release.

The cruise line's initiative to feature the sculpture in its new terminal is aimed at strengthening ties with the local community and celebrating local art and culture. Travellers will be able to enjoy the sculpture when the terminal opens on November 9, 2022, according to Royal Caribbean Group.

"Showcasing the history and culture of Galveston was our top priority in establishing this art installation in our new terminal, and we're thrilled to partner with Brad Oldham Sculpture to bring this vision to life," comments Joshua Carroll, vice president, of destination development, Royal Caribbean Group.

The sculpture, fashioned in stainless steel and lost-wax bronze, depicts a musical trio inspired by the port city's musical heritage, which includes Barry White, Joyce Fields and guitarist Joe Pena.

The Royal Caribbean Group team enlisted the help of Piper Faust Public Art to compile a list of Texas artists to be considered for the project and ultimately selected Brad Oldham and Christy Coltrin of Brad Oldham Sculpture.

"Some of our best memories are from travelling together. We are honoured to create a permanent installation that cultivates the vacation vibe with an approachable music theme using native animals to make up the band,” said Brad Oldham.

This community-inspired feature is the most recent addition to Royal Caribbean Group's Blue Green Promise. The RCG has committed to engaging the Galveston community through the development and operation of its new terminal, with the incorporation of local arts and culture serving as the first step in this effort.

Icon of the Seas will have Royal Caribbean International’s "biggest-ever focus" on families

Icon of the Seas will have Royal Caribbean International’s "biggest-ever focus" on families, as the line looks to increase its share of the new-to-cruise market.

Icon launches in January 2024, and across the 28 stateroom categories, more than 80% of rooms sleep more than two people. The ship will feature the new Surfside neighbourhood, which is dedicated to families with young children. This is a key target audience for the line, which already carries between 200 and 600 children under six years old on each cruise. 

 

Speaking in Miami to unveil the design of the ship, the line’s president and chief executive Michael Bayley said:  “On Icon our focus on family is probably the highest level it’s ever been. We’re going more and more towards delivering phenomenal vacations to families.”

 

Bayley said the new-to-cruise market was a “sweet spot” for Royal Caribbean, and that in 2019 the line carried more than one million people on their first cruise. He said offering short taster cruises is key, as clients then graduate to seven-night sailings.

 

From October 2023 Allure of the Seas will offer three- and four-day cruises from Port Canaveral. He added: “We think that once we get that message out to young families [about the facilities onboard], we’ll see a lot more new-to-cruise coming onboard Icon.”

 

Bayley said the brand’s family demographic is “vast from a marketing perspective”, adding: “Everyone is in a family, so we want to make sure that families have a fantastic vacation with Royal Caribbean. On Icon, whether you’re a grumpy old man or an innocent young kid, everyone can do their own thing and be super happy all day.”  

The icon will offer the three-storey Ultimate Family Townhouse, which has access to the new family-focused Surfside neighbourhood

He acknowledged that while school-age children were at school for the majority of the year, families with pre-schoolers can holiday throughout the year.  “That market is quite powerful. A young family is a big market, and we think it’s an under-served market and we think that Icon, especially with Surfside, is going to really deliver on that.”

 

He stressed that the ship caters for multigenerational families, highlighting the new neighbourhoods and features, including adults-only areas and the largest waterpark at sea. 

 

The Royal Caribbean team in Miami has spent more than one million working hours on the design process for Icon, in addition to time spent by external experts. It worked with 10 futurists to understand what consumers of the future would expect from holidays.

 

Bayley said: “Icon is the culmination of everything we’ve learnt in more than 50 years. We push the boundaries of what’s possible and what’s expected. This is the work of thousands of industry experts from around the world.”

 

New family cabins include the 285-square-foot Family Infinite Balcony, which sleeps six and borrows the Infinite Balcony concept from sister line Celebrity Cruises. It includes a bunk bed alcove for children at the rear of the cabin, with a secret den, a separate space for adults and a 50-square-foot balcony. 

The new Surfside neighbourhood houses the Ultimate Family Townhouse, which takes the brand’s existing Ultimate Family Suite concept and spreads it across three storeys, with 1,772-square-foot of internal space, alongside two balconies. Sleeping eight, it includes a slide, Lego wall, video games, movie theatre, karaoke and backyard that leads straight into Surfside.

The Family Infinite Balcony stateroom includes an area for children at the rear

Royal Caribbean Introduces New Icon of the Seas

Royal Caribbean Introduces New Icon of the Seas

According to a press release, Royal Caribbean International has revealed the first look at the highly anticipated Icon of the Seas, the Icon of Vacations. 

Arriving in late 2023 ahead of its January 2024 debut, the company announced the first Icon Class ship will be the travel industry's first-of-its-kind combination of the best of every vacation.

From the beach retreat to the resort escape and the theme park adventure, with Icon, every kind of family and adventurer can experience their version of the ultimate family vacation. Vacationers can book their iconic adventure on Royal Caribbean's website on Tuesday, Oct. 25. Crown & Anchor loyalty members can look out for special access on Monday, Oct. 24.

"With each new ship, we raise the bar in the travel industry while enhancing what our guests know and love," said Jason Liberty, president and CEO, of Royal Caribbean Group. "From the moment they step on board, every experience is designed to give them the best vacation anywhere on land and at sea. With Icon of the Seas, we've taken this to a new level and made the ultimate family vacation."

Whether "family vacation" means getting away as a family, couple or friends, Icon's all-encompassing lineup features a variety of firsts and next-level favourites for everyone. There are adrenaline-pumping thrills, including the largest waterpark at sea, and unrivalled ways to chill with more ocean views and pools – one for each day of the week – than ever before, plus a blend of more than 40 new and returning dining, bar and nightlife options, and cutting-edge entertainment.

"Icon of the Seas is the culmination of more than 50 years of delivering memorable experiences and our next bold commitment to those who love to vacation," said Michael Bayley, president and CEO, of Royal Caribbean International. "Now more than ever, families and friends are prioritizing experiences where they can bond and enjoy their own adventures. We set out to create a vacation that makes all that possible in one place for the thrill-seekers, the chill enthusiasts and everyone in between, without compromise. It's this first-of-its-kind combination that makes Icon the future of family vacations, and that future is here."

Royal Caribbean Group Pandemic Exits: 10 Ships Have Now Left the Fleet

Royal Caribbean Group Pandemic Exits: 10 Ships Have Now Left the Fleet

The Royal Caribbean Group has sold a total of ten cruise ships since the start of the COVID-19 pandemic, according to the new Secondhand Market Report by Cruise Industry News.

While most of the exits are related to Pullmantur’s liquidation and Azamara’s sale, four ships have also left the fleet of Royal Caribbean International and Silversea Cruises.   

Cruise Industry News looks into the vessels that left the fleet and their fates:

Ship: Monarch
Brand: Pullmantur Cruceros
Year Built: 1991
Original Cost: $300 million
Capacity: 2,390 guests
Tonnage: 73,941
Date: July 2020
Fate: Scrapped in Aliaga, Turkey

Ship: Sovereign
Brand: Pullmantur Cruceros
Year Built: 1988
Original Cost: $185 million
Capacity: 2,322 guests
Tonnage: 73,192
Date: July 2020
Fate: Scrapped in Aliaga, Turkey

Ship: Horizon
Brand: Pullmantur Cruceros
Year Built: 1990
Original Cost: $185 million
Capacity: 1,442 guests
Tonnage: 47,000
Date: July 2020
Fate: Laid up in Elefsis, Greece

Ship: Empress of the Seas
Brand: Royal Caribbean International
Year Built: 1990
Original Cost: $170 million
Capacity: 1,607 guests
Tonnage: 48,563
Date: December 2020
Fate: Sold to Cordelia Cruises; now sailing in India as the Empress

Ship: Majesty of the Seas
Brand: Royal Caribbean International
Year Built: 1992
Original Cost: $300 million
Capacity: 2,354 guests
Tonnage: 73,941
Date: December 2020
Fate: Laid up in Greece after being bought by Seajets, a Greek ferry operator 

 

Ship: Azamara Journey
Brand: Azamara
Year Built: 2000
Original Cost: $190 million
Capacity: 718 guests
Tonnage: 30,200
Date: January 2021
Fate: Sold to Sycamore Partners along with the Azamara brand

Ship: Azamara Quest
Brand: Azamara
Year Built: 2000
Original Cost: $150 million
Capacity: 710 guests
Tonnage: 30,200
Date: January 2021
Fate: Sold to Sycamore Partners along with the Azamara brand

 

Ship: Azamara Pursuit
Brand: Azamara
Year Built: 2001
Original Cost: $190 million
Capacity: 710 guests
Tonnage: 30,200
Date: January 2021
Fate: Sold to Sycamore Partners along with the Azamara brand

Ship: Silver Galapagos
Brand: Silversea Cruises
Year Built: 1990
Original Cost: $20 million
Capacity: 100 guests
Tonnage: 4,077
Date: June 2021
Fate: Replaced by a new build; laid up in Panama after being renamed Mantra

Ship: Silver Explorer
Brand: Silversea Cruises
Year Built: 1989
Capacity: 132 guests
Tonnage: 6,130
Date: January 2022
Fate: Sold to a startup named Exploris; leaving the fleet in September 2023